Part e14 is used by m corporation to make one of its products. a total of 16,500 units of this part are produced and used every year. the company's accounting department reports the following costs of producing the part at this level of activity:

per unit
direct materials $ 3.60
direct labor $ 8.20
variable manufacturing overhead $ 8.70
supervisor's salary $ 4.10
depreciation of special equipment $ 2.50
allocated general overhead $ 7.70
an outside supplier has offered to make the part and sell it to the company for $27.50 each. if this offer is accepted, the supervisor's salary and all of the variable costs, including the direct labor, can be avoided. the special equipment used to make the part was purchased many years ago and has no salvage value or other use. the allocated general overhead represents fixed costs of the entire company, none of which would be avoided if the part were purchased instead of produced internally. in addition, the space used to make part e14 could be used to make more of one of the company's other products, generating an additional segment margin of $28,500 per year for that product. the annual financial advantage (disadvantage) for the company as a result of buying part e14 from the outside supplier should be:

(a) ($78,750)
(b) $28,500
(c) ($141,900)
(d) $(19,350)

Prepare journal entries for each transaction and identify the financial statement impact of each entry. the financial statements are automatically generated based on the journal entries recorded. apr. 1 tanner invested $80,000 cash along with office equipment valued at $26,000 in the company in exchange for common stock.apr. 2 the company prepaid $9,000 cash for 12 months' rent for office space. the company's policy is record prepaid expenses in balance sheet accounts.apr. 3 the company made credit purchases for $8,000 in office equipment and $3,600 in office supplies. payment is due within 10 days.apr. 6 the company completed services for a client and immediately received $4,000 cash.apr. 9 the company completed a $6,000 project for a client, who must pay within 30 days.apr. 13 the company paid $11,600 cash to settle the account payable created on april 3.apr. 19 the company paid $2,400 cash for the premium on a 12-month insurance policy. the company's policy is record prepaid expenses in balance sheet accounts.apr. 22 the company received $4,400 cash as partial payment for the work completed on april 9.apr. 25 the company completed work for another client for $2,890 on credit.apr. 28 the company paid $5,500 cash in dividends.apr. 29 the company purchased $600 of additional office supplies on credit.apr. 30 the company paid $435 cash for this month's utility bill.

What is the relationship between credit and debt?

At december 31, 2016, pina corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,810 shares $10,781,000 common stock, $5 par, 4,026,000 shares 20,130,000 during 2017, pina did not issue any additional common stock. the following also occurred during 2017. income from continuing operations before taxes $21,950,000 discontinued operations (loss before taxes) $3,505,000 preferred dividends declared $1,078,100 common dividends declared $2,300,000 effective tax rate 35 % compute earnings per share data as it should appear in the 2017 income statement of pina corporation